Asia Stock Markets Slide as Reserve Bank of Australia Warns of High Inflation

2023-09-19 13

Asia stock markets fell across the board as traders parsed minutes from the Reserve Bank of Australia for its policy meeting on Sept. 5 where the bank had said that inflation in Australia is still "too high." In Australia, the S&P/ASX 200 fell 0.47%, while South Korea's Kospi and Kosdaq were down 0.74% and 0.98% respectively. Japan's Nikkei 225 slumped 1.09% upon its return from a public holiday. The RBA said further policy tightening may be required if inflation is more persistent than expected.